April, 2021

• 25 April

  California’s Newsom orders end of fracking in emissions push

  

  Bloomberg Californian Governor Gavin Newsom will ban new hydraulic fracturing permits in the coming years as the state pushes to eliminate net greenhouse-gas emissions by 2045. His order to halt new permits by January 2024 follows calls from environmental groups for executive action after two Democratic state senators failed to pass legislation that would prohibit fracking altogether in 2023. The ...

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• 24 April

  President Biden needs to come to India’s aid now

  

  India has become the terrifying new epicenter of the Covid-19 pandemic. New cases have topped 300,000 daily and are still rising; the official death toll of over 2,000 per day is almost certainly an underestimate. Every hour brings horrifying new stories of mass cremations, overwhelmed testing centers, people dying while waiting for a hospital bed. The country desperately needs help ...

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• 24 April

  Apple’s privacy ad helps tech giants

  

  What some have called the mobile advertising Armageddon is finally upon us. Starting on Monday, Apple Inc will put in place new privacy protocols that will make it much harder for apps to gather user data for personalising digital ads. The change will have vast ramifications for how the app economy works and alter the dynamics of power among the ...

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• 24 April

  Amazon workers’ vote sends message to union

  Workers at Amazon’s warehouse in Bessemer, Alabama, voted by a margin of more than two to one not to join a union. It’s a heavy blow for the Retail, Wholesale and Department Store Union, for the wider labour movement, and for the many politicians and activists who wanted the union’s push to succeed. But the workers have spoken — and ...

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• 24 April

  Bond traders are falling for Treasuries again

  US Treasuries aren’t exactly an asset class that people should want to root for. Sure, there are any number of bond bulls who see ultra-low yields as a permanent fixture of a world beset by aging demographics and rapid technological change. But hoping for a strong and inclusive global economy, which I’d like to think most everyone wants to see, ...

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• 24 April

  Boeing sticks with Calhoun as potential successor exits

  

  Bloomberg Boeing Co is sticking with Chief Executive Officer Dave Calhoun to guide the company through a long and uncertain recovery, while parting ways with a potential contender for his job. The company’s board raised Calhoun’s retirement age to 70, citing the 64-year-old’s “substantial progress” in ending the 737 Max grounding and bringing the planemaker back from the Covid-19 pandemic. ...

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• 24 April

  Guangzhou ousts Atlanta as top airport in 2020

  

  Bloomberg China’s Baiyun International airport in Guangzhou topped the list of the world’s busiest hubs in a coronavirus-wracked 2020, knocking Hartsfield-Jackson Atlanta International off a perch it occupied for more than two decades. Baiyun moved up from 11th place, trade group Airports Council International said in a statement, capping a year when the Covid-19 pandemic disrupted global air travel. Hartsfield-Jackson ...

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• 24 April

  United says grounded 777s to return, sees simple fix for Max

  

  Bloomberg United Airlines Holdings Inc will repair and resume flying its Pratt & Whitney-powered Boeing 777-200 fleet that’s been grounded for two months since a dramatic engine failure showered debris across a suburban Denver neighborhood. United is working closely with Pratt & Whitney, a division of Raytheon Technologies Corp, as well as Boeing Co and the FAA on fan-blade inspections ...

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• 24 April

  Warby Parker plans US IPO as soon as this year

  Bloomberg Prescription eyewear seller Warby Parker Retail Inc is considering an initial public offering as soon as this year, according to people familiar with the matter. The New York-based company is in discussions with advisers on a potential listing, the people said, asking not to be identified as the information is private. Warby Parker raised $120 million in its most ...

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• 24 April

  Gucci’s sales rebound in first quarter

  Bloomberg Gucci’s sales rebounded in the first quarter, signalling a recovery for the luxury brand after the appeal of its flamboyant fashions waned last year. Comparable sales, a key measure of retail performance, jumped 25% at the Italian fashion house to 2.17 billion euros ($2.61 billion), owner Kering SA said in a statement. Analysts had expected a 19% gain. Gucci ...

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